Today is 12/23/2024

Cost of Importing Corn in China--12/24/2020

2020-12-24 www.cofeed.com
Product Delivery FOB
(USD/tonne)
Freight
(USD/tonne)
CFR China
(USD/tonne) 
Without Additional Tariff (CNY/tonne) With Additional Tariff (CNY/tonne) Var.
(CNY/tonne)
Corn, US Gulf Jan 219 37.5 257 1947 2404 7
Feb 217 37.5 255 1936 2390 6
Mar 213 37.5 251 1910 2358 7
Apr 210 37.5 248 1888 2331 16
May 209 37.5 247 1891 2334 16
Jun 208 37.5 246 1884 2325 16
Jul 207 37.5 245 1876 2316 7
Corn, PNW Apr 228 23 250 1906 2353 15
May 227 23 250 1916 2366 16
Jun 227 23 250 1916 2366 25
Jul 227 23 250 1916 2366 25
Remarks: 1. Duty-paid prices include 100 yuan of port surcharges, which is just for reference.
2. Imported US corn is imposed with 25% of additional tariffs since July 6th, 2019;
and the tariffs were raised higher by 10% since December 16th, 2019, which is temporarily not imposed now.